# The complaint was made on January 29 and an FIR was lodged after that. Til lnow, CBI and ED have taken speedy action in the wake of the complaint. ED has raided 9 properities including threee in Surat, 4 in Mumbai and 2 in Delhi. Rs 1,300 cr has been seized and action has been taken to revoke the passport. Lookout notice has also been issued.

5:10 pm: I wish to make it very clear and this I can also convey on the behalf of the government that no shall be spared in the banking system who has sought to derail ordinary banking system to help Nirav Modi. This is regardless of stature and status of concerned official: Union Minister Ravi Shankar Prasad

According to the PNB, the fraud was detected on January 25 and was reported to the investigative agencies, including the Central Bureau of Investigation (CBI) on January 29.